Europe consumer electronics packaging market is forecast to reach USD 4. billion in 2023. Total consumer electronics packaging sales across Europe will rise at 4.8% CAGR. Europe consumer electronics packaging market value will reach USD 6.4 billion by 2033.
The USA consumer electronics packaging market is set to be valued at USD 2.4 billion in 2023. Between 2023 and 2033, consumer electronic demand across the USA will surge at 3.5% CAGR. Overall market size in the United States will reach USD 3.3 billion by 2033. Top 5 companies held around 45% to 50% of the market in 2022.
Changing buying patterns will propel demand for consumer electronics packaging across Europe and the USA. Demand remains especially high for paper packaging. This is due to their sustainable and eco-friendly nature. The target segment will hold 60% share of Europe & USA consumer electronics market by 2033.
The Europe & USA consumer electronics packaging will register significant growth through 2033. Europe market will create an absolute $ growth opportunity of USD 2.3 billion. Similarly, the USA market will create an incremental $ opportunity of USD 1.1 billion.
Consumer electronics packaging is a type of packaging used for protecting electronic products during shipping and transportation. It helps companies to protect their products from mechanical damage and electrostatic discharge.
Consumer electronic packaging also safeguards packaged products from moisture, radiation, and chemicals. It provides proper cushioning to electronic components, thereby reducing chances of damage.
This consumer technology also provides excellent printable features. Hence, companies can use this to not only protect their products but also arouse consumers’ interest.
Rising production and sales of electronic devices such as mobile and laptops will boost the market. Subsequently, increasing cross-border trade and proliferation of online sales platforms will propel consumer electronic packaging across Europe and the United States.
Surging demand for paper and paperboard packaging will help the market to expand. Besides this, rising penetration of digitalization and IOT will bode well for market.
Leading consumer electronics packaging manufacturers are shifting their focus to producing sustainable packaging. This will help them to meet rising end user demand for eco-friendly packaging.
Europe Consumer Electronics Packaging Market
| Attributes | Key Insights |
|---|---|
| Estimated Market Size 2023 | USD 4 billion |
| Projected Market Size (2033) | USD 6.4 billion |
| Value-based CAGR (2023 to 2033) | 4.8% |
United States Consumer Electronics Packaging Market
| Attributes | Key Insights |
|---|---|
| Estimated Market Size (2023) | USD 2.4 billion |
| Projected Market Size (2033) | USD 3.3 billion |
| Value-based CAGR (2023 to 2033) | 3.5% |
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Consumer electronics packaging sales across Europe grew at 2.9% CAGR from 2015 to 2022. At the end of 2022, total market value in Europe reached USD 3.9 billion. On the other hand, sales of consumer electronics packaging in the USA increased at 2.4% CAGR during the historic period. The USA market size was valued at USD 2.3 billion in 2022.
Between 2023 and 2033, consumer electronics demand across Europe and the USA is expected to surge at 4.8% CAGR and 3.5% CAGR respectively.
The term “consumer electronic device” refers to an electronic device intended for daily private usage. The device typically has one or more integrated circuits (ICs) and works on direct current (DC). For example, mobile phones, computers, music systems, game consoles, electronic wearables, etc.
These are extremely fragile products that need to be packed very well before shipping and transportation. For this purpose, packaging products such as corrugated boxes, cartons, etc. are used.
Consumer electronics packaging products are lightweight and offer better protection to products. They also feature high graphics printing and ESD protection which makes them popular.
The global commoditization trend of consumer electronics products and shortening product life cycles (PLC) are aggressively driving the demand for consumer electronics packaging.
The packaging industry is leading at the forefront when it comes to innovation. New protective packaging solutions are being developed to cater to changing developments. For instance, eco-friendly packaging and smart packaging are helping electronics makers incorporate environmentally green designs into their products.
Rising awareness of the environmental side-effects of wasteful packaging is supporting the trend. For instance, in 2019 Samsung began phasing out plastic from its packaging materials. The company pledged to replace plastic it had used for its holder trays with molded pulp.
Surging demand for sustainable packaging solutions among electronics brands will fuel consumer electronics packaging sales.
Demand is particularly growing for consumer electronics packaging made from sustainable materials such as paper & paperboard and molded pulp.
Growing Popularity of Intelligent Packaging Driving Consumer Electronics Packaging Sales
Smart and intelligent packaging offers various benefits to brands, retailers, and consumers. This includes electronic articles surveillance for anti-theft and RFID for wireless item identification.
Subsequently, QR codes for identification and data loggers for monitoring temperature, shock, vibration, etc., will make smart and intelligent packaging popular.
Electronics businesses are particularly concentrating on customer experience when unpacking their newly purchased electronic products with easy-to-open, minimal packaging that effectively safeguards the product.
Consumers are curious about the latest innovations, be it packaging or device, and the industry is gaining profits from this. The aforesaid benefits will boost Europe and USA consumer electronics packaging market.
Ability of Consumer Electronics Packaging to be Used Across All Channels Spiking Demand
Manufacturers of consumer electronics are shifting towards packaging that suits cross-channel distribution. This is because the recent trends in consumer electronics packaging show that consumers are not buying from the same retailer or the same channel every time, and are changing the channels often.
So, packaging that suits all formats and channels is the need of the hour. Manufacturers want to avoid the customization costs involved in making separate packaging formats for individual sales channels. This is creating high demand for packaging products that can be used across all channels.
Principal Consultant
Growing Electronic Device Demand Propelling Consumer Electronics Packaging Sales in the USA
The United States consumer electronics packaging market will expand 1.5 times the current market value by 2033. Demand across the USA remains particularly high for paper & paperboard packaging.
The rise of both the IT sector and the gaming industry in the USA is fuelling sales of electronic devices such as laptops, monitors, and CPUs, among others. This is generating demand for consumer electronic packaging.
According to the International Trade Administration, USA Department of Commerce, around 1/3rd of the total information technology (IT) market is in the United States This, in turn, is boosting the use of corrugated boxes, folding cartons, and paper protective packaging products to protect heavy and fragile devices.
The increased consumption of electronic computing devices in the country will continue to offer lucrative growth opportunities for consumer electronics packaging manufacturers.
Robust Expansion of Electronics Sector Boosting Consumer Electronic Packaging Sales in Germany
Germany is projected to hold around 22% of Europe consumer electronics packaging market by 2023. Germany is known as an innovative microelectronics research and production hub across the globe.
As per Germany Trade & Invest, the electronics sector in Germany contributes 10% of domestic industrial input and 23% of R&D spending in the country. The German market for electronics is the largest in the whole of Europe. This is fuelling the demand for consumer electronics packaging as they keep devices and their components safe during transit and storage.
Growing demand for sustainable consumer electronics packaging due to rising environmental concerns will further boost market over the next ten years.
Paper & Paperboards Remains the Most Commonly Utilized Material
Based on material, the market is segmented into plastic, molded fiber, and paper & paperboard. Among these, paper & paperboard segment is set to hold around 3/5th share of the market by the end of 2033.
Paper & paperboard material is mostly preferred by consumer electronics packaging manufacturers. This is due to growing awareness of sustainability among Europe and USA consumers.
Rising concerns about increasing plastic pollution levels will also encourage the adoption of paper & paperboard material.
By application, electronic wearables will generate enormous demand for consumer electronic packaging. This is due to high adoption of numerous electronic wearables across the USA and Europe.
Electronic wearables are witnessing a rise in popularity due to innovations such as miniature wearable sensors and enhanced communication capabilities. These include devices such as head-mounted displays, smart watches, smart bands, ear wearables, etc. These wearables are particularly among gen-z and millennials.
The electronic wearables segment is projected to expand 2.0 times the current market value by 2033.
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Key consumer electronics packaging manufacturers across Europe and the USA are expanding their resources and manufacturing capabilities through partnerships and acquisitions. They are focusing on creating new products for the ever-increasing demand while also keeping sustainability in check. For instance
| Attribute | Details |
|---|---|
| Anticipated Growth Rate (2023 and 2033) | 4.8% CAGR (Europe) 3.5% CAGR (United States) |
| Europe Estimated Market Size 2023 | USD 4 billion |
| Europe Projected Market Size (2033) | USD 6.4 billion |
| USA Estimated Market Size (2023) | USD 2.4 billion |
| USA Projected Market Size (2033) | USD 3.3 billion |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million/Billion, Volume in Tonnes and CAGR from 2023 to 2033 |
| Segment Covered | Material Type, Product Type, Application, Region |
| Regions Covered | Europe; USA |
| Key Countries Profiled | Germany, Italy, France, United Kingdom, Spain, Benelux, Nordic, Russia, Poland, USA |
| Key Companies Profiled | DS Smith PLC; WestRock Company; Mondi Group; Sonoco Products Company; International Paper Company; Smurfit Kappa Group PLC; Stora Enso Oyj; Pregis LLC; Sealed Air Corporation; UFP Technologies, Inc.; NEFAB Group; JohnsByrne; Billerud AB; Universal Protective Packaging Inc.; PakFactory; Dordan Manufacturing Company; Golden Arrow Technology America Inc.; Wolters Packaging Czech Ltd.; Mayr-Melnhof Karton AG; Europe Packaging B.V.; Dunapack Packaging (Prinzhorn Group); GWP Group; GPA Global; Zenpack; GY Packaging |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market has a 4.8% growth potential through 2033.
The global Europe & USA consumer electronics packaging market size to reach USD 6.4 billion by 2033.
The global Europe & USA consumer electronics packaging market advanced at a 2.9%CAGR from 2018 to 2022.
The market is valued at USD 4. billion in 2023.
By the end of 2033, the paper and paperboard segment is expected to account for almost three-fifths of the market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Europe & Market Demand Analysis 2015 to 2022 and Forecast, 2023 to 2033 6. Europe & Market - Pricing Analysis 7. Europe & Market Demand (Value in USD Billion) Analysis 2015 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Material 9.1. Plastic 9.2. Paper & Paperboard 9.3. Molded Fiber 10. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Product Type 10.1. Folding Cartons 10.2. Rigid Boxes 10.3. Trays 10.4. Bags & Pouches 10.5. Blister Packs & Clamshells 10.6. Other Protective Packaging (Wrapping Films, Loose Fill, Inserts & Dividers, etc.) 11. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Application 11.1. Mobile Phones 11.2. Computers 11.3. Music Systems 11.4. Cameras 11.5. TV 11.6. Electronic Wearable 11.7. Digital Media Adapters 11.8. Other Consumer Electronics 12. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Country 12.1. Germany 12.2. Italy 12.3. France 12.4. United Kingdom 12.5. Spain 12.6. BENELUX 12.7. Nordic 12.8. Russia 12.9. Poland 12.10. Rest of Europe 13. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Material 13.1. Plastic 13.2. Paper & Paperboard 13.3. Molded Fiber 14. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Product Type 14.1. Folding Cartons 14.2. Rigid Boxes 14.3. Trays 14.4. Bags & Pouches 14.5. Blister Packs & Clamshells 14.6. Other Protective Packaging (Wrapping Films, Loose Fill, Inserts & Dividers, etc.) 15. Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Application 15.1. Mobile Phones 15.2. Computers 15.3. Music Systems 15.4. Cameras 15.5. TV 15.6. Electronic Wearable 15.7. Digital Media Adapters 15.8. Other Consumer Electronics 16. Market Country wise Analysis 2023 & 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. DS Smith plc 18.2. WestRock Company 18.3. Mondi Group 18.4. Sonoco Products Company 18.5. International Paper Company 18.6. Smurfit Kappa Group plc 18.7. Stora Enso Oyj 18.8. Pregis LLC 18.9. Sealed Air Corporation 18.10. UFP Technologies, Inc. 18.11. Universal Protective Packaging, Inc. 18.12. Nefab Group 18.13. PakFactory 18.14. Dordan Manufacturing Company 18.15. Golden Arrow Technology America, Inc. 18.16. Wolters Packaging Czech Ltd. 18.17. Mayr-Melnhof Karton AG 18.18. Europe Packaging B.V. 18.19. Billerud AB 18.20. Dunapack Packaging (Prinzhorn Group) 18.21. GWP Group 18.22. GPA Global 18.23. Zenpack 18.24. GY Packaging 18.25. Johnsbyrne 19. Assumptions and Acronyms Used 20. Research Methodology
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Europe & USA Consumer Electronics Packaging Market
